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Article: TOO EARLY TO SEE ANOTHER PHILIPPINE OIL PRICE HIKE: OFFICIAL.

Article from:
AsiaPulse News
Article date:
June 9, 2000
Copyright

MANILA, June 9 Asia Pulse - It is still too early to predict another round of oil price increases following the 40 centavo-per-litre price adjustment in oil products this week.

Executive Secretary Ronaldo Zamora made this clear Friday as he said MalacaQang will continue to keep an eye on world crude oil prices to see if future oil price hikes are justified.

"It is better to wait and see if oil prices in the world market will increase," Zamora said on government radio.

He also reminded oil firms that they have the obligation to bring down the prices of their products if world prices of ...

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